Crocs (CROX) : 2 brokerage houses believe that Crocs (CROX) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Crocs (CROX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.43.
Crocs (CROX) : 6 investment research analysts covering Crocs (CROX) have an average price target of $11.08 for the near short term. The highest target price given by the Brokerage Firm to the stock is $13 and the lowest target is $10 for the short term. Analysts expect the variance to be within $1.36 of the average price.
Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Sterne Agee CRT upgrades its rating on Crocs (NASDAQ:CROX). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 10, 2016.
Crocs (NASDAQ:CROX): The stock opened at $8.74 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.50 for the day. The stock traded down to $8.10 during the day, due to lack of any buying support eventually closed down at $8.44 with a loss of -23.27% for the day. The stock had closed at $11.00 on the previous day. The total traded volume was 8,084,680 shares.
Crocs, Inc. is engaged in the design, development, manufacturing, worldwide marketing and distribution of casual lifestyle footwear, apparel and accessories for men, women and children. The Companys products include footwear and accessories. The Company operates four reportable operating segments based on the geographic nature of its operations: Americas, Asia Pacific, Japan and Europe. The Americas segment consists of product sales in the North and South America geographic regions. The Asia Pacific segment consists of product sales throughout Asia (excluding Japan), Australia, New Zealand, the Middle East and South Africa. The Japan segment consists of product sales in Japan. The Europe segment consists of product sales throughout Europe and Russia. The Company sells its products in more than 90 countries through domestic and international retailers and distributors and directly to end-user consumers through company-operated retail stores, outlets, Webstores and kiosks.